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Bharat Heavy Electricals Ltd(BHEL) may go in for a technological collaboration with Alstom to set up 800-1000 MW thermal power plants. Maximum capacity of Bhel Plants is 600 MW now. Minister of State for Heavy Industries said"In the next couple of days, BHEL will formally announce the transfer of technology agreement with a foreign company for an 800 MW supercritical thermal power plant ." Because of confidentiality clause he did not disclose the names of the foreign companies BHEL is negotiating with. Sources say that BHEL has liked the Alstom Technology most. BHEL already has a technological tie up with Siemens for manufacturing turbines. It is now looking at boiler technology so that it can set up Power plants of 800-1000 MW capacity at home and abroad. CMD,A.K Puri ,BHEL said , "We will invest Rs 1,000 crore over next two-and-a-half years to enhance our capacity." He further said "Although we have a separate international division, we may set up a subsidiary." Dev uttered discussions were on with the finance ministry to strengthen the Exim Bank so that it could finance BHEL projects abroad. Whilst There is sufficient funding available for BHEL projects within the country from the Power Finance Corporation and the Rural Electrification Fund , the company requires more fund to expand its overseas projects.
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| Posted : 10/14/2005 |
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